Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need short answer I will pay 45 dollar and need it before noon tomorrow 1.What is the difference in accrual and cash accounting? 2.Find
I need short answer
I will pay 45 dollar and need it before noon tomorrow
1.What is the difference in accrual and cash accounting? 2.Find the Annual report of a publicly traded company and answer the following: 1. Who is the Chief Financial Officer? 2. What are the names of the directors? 3. What account firm conducted the audit? 4. What financial statements are included 3. Find and print the Income Statement and Balance sheet for a publicly traded company of your choice. Identify the Net Income for the last fiscal year, the total assets, total liabilities, and total owners' equity for the company. 4. Prepare a balance sheet using the information given below. Make sure to identify current assets, net fixed assets, total assets, current liabilities, long-term debt, total equity, and total liabilities and equity. Gross fixed assets $40,000 Cash $18,000 Other assets $5,000 Accumulated depreciation $30,000 Common stock $43,000 Short-term notes payable $12,000 Accounts payable $35,000 Inventories $122,00 0 Retained earnings $100,00 0 Accounts receivable $60,000 Long-term notes payable $10,000 Long-Term Bonds Payable $15,000 Sales $300,00 0 Cost of goods sold $150,00 0 Depreciation expense $3,000 5) California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. The firm paid dividends to preferred stockholders of $40,000, and the firm distributed $60,000 in dividend payments to common stockholders. What is California Retailing's "Addition to Retained Earnings"? (Fill out an income statement with information provided to help find answer, it will also count as your formula)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started